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3Hotdogs

(15,408 posts) Mon Mar 13, 2023, 12:36 AM Mar 2023

Riddle me this... So bank deposits are insured for $250k. Some deposits were for $millions. [View all]

Yellen announces that the depositors will be "made whole." This implies that the depositors will get more than $250K, each.

and ----

None of this will come from taxpayers.

42 replies

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Riddle me this... So bank deposits are insured for $250k. Some deposits were for $millions. [View all] 3Hotdogs Mar 2023 OP

ROKU lost 500 million. 500 million eggs in one basket is bad finance. sarcasmo Mar 2023 #1

"Bad finance"?... Enter stage left Mar 2023 #3

+1000 roamer65 Mar 2023 #15

+++++ allegorical oracle Mar 2023 #37

How many total eggs do they have? Renew Deal Mar 2023 #6

They have $1.8B cash reserves. 26% was in SVB sir pball Mar 2023 #28

Let's say the total amount of cash ROKU has on hand is $2 billion. Abolishinist Mar 2023 #17

No... they didn't FBaggins Mar 2023 #24

There's a Lady Gaga song about that we can do it Mar 2023 #25

You seem very determined to make that aphorism fit this situation: sl8 Mar 2023 #31

It's hard for me to believe the taxpayers Deuxcents Mar 2023 #2

Federal Reserve money creation to backstop the DIF and member banks. roamer65 Mar 2023 #4

So I guess that '250k per bank' FDIC insurance is actually unlimited now. Not that I will kelly1mm Mar 2023 #5

Only if you or your company holds multimillions in deposits. roamer65 Mar 2023 #7

The FDIC isn't funded by the government. Ocelot II Mar 2023 #8

It seems that some DUers know less about the FDIC than they think they know. onenote Mar 2023 #10

The FDIC's DIF fund is mainly in government bonds. roamer65 Mar 2023 #11

Ty for explaining SheltieLover Mar 2023 #12

👆👆 Concise and informative. Thank you! nt crickets Mar 2023 #40

Buried in this gift WaPo article is an explanation. spooky3 Mar 2023 #9

This one, I believe (for those who have trouble clicking thru) Maeve Mar 2023 #27

more Celerity Mar 2023 #32

TARP 2, the sequel. roamer65 Mar 2023 #13

TARP was a huge success overall Amishman Mar 2023 #41

For starters, the government seized the bank's assets... W_HAMILTON Mar 2023 #14

Which is a Big Deal. Igel Mar 2023 #33

There is a fund that comes from other banks LetMyPeopleVote Mar 2023 #16

I expect that cost will be passed along to banking consumers Model35mech Mar 2023 #20

To be honest, I see nothing but free lunches in this deal Bucky Mar 2023 #23

Yes, because we end-up buying lunch for the elite corpricrats Model35mech Mar 2023 #39

I think the rich and well to do are just beginning to understand Stargazer99 Mar 2023 #18

Yes. Heather Cox Richardson said it best: applegrove Mar 2023 #19

HSBC to acquire Silicon Valley Bank in deal to protect deposits LetMyPeopleVote Mar 2023 #21

That's only about the smaller UK arm - not relevant to the deposits with the US parent (nt) muriel_volestrangler Mar 2023 #26

Well, they're clearly setting up another bank bailout Bucky Mar 2023 #22

Did you even read the thread? Johnny2X2X Mar 2023 #29

SMH inthewind21 Mar 2023 #36

What's the riddle? mathematic Mar 2023 #30

Here is President Biden's statement LetMyPeopleVote Mar 2023 #34

the FDIC makes all the other banks pay for it moonshinegnomie Mar 2023 #35

The bank is insolvant Zeitghost Mar 2023 #38

The first 250k is covered by insurance premiums... Xolodno Mar 2023 #42